AR & Woodlands Relief - Latest Changes Explored

Introduction

Agricultural Relief (‘AR’) has been extended to include ‘farming for the environment’ from April 2025.

AR is to be reduced to 50% from April 2026.

The 50% reduction is subject to the £1 million allowance at 100%.

Also, with Business Relief (‘BR’) reduced to 50%, the focus on Woodlands Relief as an inheritance protection has become more heightened.

APR and Woodlands Relief will be restricted to the UK.

The working party reviewing farming for the environment have still to produce their report.

All of these strands must be pulled together for farm succession planning.

What You Will Learn

This live and interactive course will cover the following:

• The Environmental Land Management Schemes (‘ELMs’) that qualify for AR
• The impact on the farmhouse and AR
• AR and Woodlands Relief restricted to the UK
• Woodlands Relief comes to the forefront with the drop in AR and BR to 50% subject to the £1 million
• Woodlands and IHT Relief - can qualify for AR and BR
• The £1 million allowance of 100% AR and BR
• Woodlands qualify for AR provided they are ancillary
• Woodlands qualify for BR provided used commercially

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.